FMG 1.67% $19.49 fortescue ltd

closed +58c above prior close in bullish swing up wedge pattern...

  1. 10,126 Posts.
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    closed +58c above prior close in bullish swing up wedge pattern
    the SHORTS attack at close failed got to 20.58 and then ripped back to 20.68 easy

    Upper Bollinger band at 20.16 was smashed past on friday & today
    its twisting up exponentially now, the LBB is twisting UP with it
    MACDs at annual highs
    RSI at annual highs, it led the charge

    Some INSTOs taking profits seen around 20.80-21.60
    the higher red candle got them scared
    SHORTS looking for entry yet still failed today
    overnight SHORTS lost 90c -150c the  loosers.
    daily shorts didnt make much at all, maybe 30c in end but most of that was at the false start higher open when it opened +116c UP from prior close. Thats where they made their money today.

    20-22 has reconnected so I expect this range to zigzag till BULL SEASON starts on 1 to 6 November as usual when Trump wins the US election.

    The long higher red candle is now set up for a bullish harami candlestick tmrw,
    this will form if we see an engulfed smaller green body between 20.70 to 21.25 -

    upload_2024-9-30_19-27-11.png

    "A bullish harami is a candlestick chart indicator suggesting that a bearish trend may be coming to end. Some investors may look at a bullish harami as a good sign that they should enter a long position on an asset"

    FMG is 300c higher than 7 days ago.
    its a bullish reversal thats stunned the SHORTS.
    SHORTS expected a rundown but 29 to 16 to 3 year lows is way good enough & they got greedy imho.

    This candle tmrw may set the stage for the next 2-5 weeks imho
 
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Last
$19.49
Change
0.320(1.67%)
Mkt cap ! $60.00B
Open High Low Value Volume
$19.06 $19.51 $18.92 $114.2M 5.891M

Buyers (Bids)

No. Vol. Price($)
1 1000 $19.48
 

Sellers (Offers)

Price($) Vol. No.
$19.50 5200 4
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
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